SoftBank offering to buy Uber shares at 30 percent discount: source

The
logo of SoftBank Group Corp is displayed at SoftBank World 2017
conference in TokyoThomson
Reuters

By Heather Somerville

SAN FRANCISCO (Reuters) - Japan's SoftBank Group Corp is offering
to purchase shares of Uber Technologies Inc at a valuation of $48
billion, a 30 percent discount to its most recent valuation of
$68.5 billion, a person familiar with the matter said on Monday.

A second person said the amount was in line with what investors
had been expecting. SoftBank is also expected to make a separate
$1 billion investment in the company at the $68.5 billion
valuation.